Caterpillar staying put in Peoria, expanding headquarters
By The Associated Press
PEORIA, Ill. (AP) -
Caterpillar has announced it's keeping its headquarters in downtown Peoria and expanding its corporate campus in what it calls a re-commitment to the central Illinois city.
CEO Doug Oberhelman told a crowd of about 200 people Friday that after two years of study, the $55 billion global construction equipment maker will modernize its riverfront complex to include a three-tower building.
The company said it will expand the site to 31 acres and add amenities and innovative workspaces to "retain and attract the finest talent."
Oberhelman reassured the crowd that "Caterpillar will stay in Peoria."
Republican Gov. Bruce Rauner was among those in attendance. Oberhelman had complained about the state's business climate under Illinois' previous governor, Democrat Pat Quinn.